THE Economic and Financial Crimes Commission (EFCC) on Monday, July 6, 2026, presented its first prosecution witness, PW1, before Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court, Apo, Abuja, in the ongoing trial of former Chairman of the Board of Directors of the defunct Skye Bank Plc, now Polaris Bank Limited, Tunde Ayeni.
News Point Nigeria reports that the EFCC said Ayeni is being prosecuted on an 18-count amended charge bordering on alleged criminal breach of trust, misappropriation and diversion of funds totalling N15.6 billion.
In a statement issued on Monday, the EFCC Head of Media and Publicity, Dele Oyewale, disclosed that the case involves allegations relating to financial misconduct against the former bank chairman.
The defendant was initially arraigned on May 4, 2026, on a 17-count charge before the Commission later filed an amended charge supported by additional proof of evidence, leading to his re-arraignment on June 22, 2026.
At Monday’s proceedings, the prosecution counsel, Abba Muhammed, SAN, presented the first prosecution witness, who briefly identified himself before the court as Remigus Ugwu, a staff member of Zenith Bank Plc.
Following the presentation of the witness, proceedings were adjourned until July 16, 2026, for continuation of the trial.
The EFCC said the prosecution would continue to present evidence as the court proceedings progress.
